Essex LLC Reduces Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Essex LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,155 shares of the semiconductor manufacturer’s stock after selling 2,471 shares during the quarter. Advanced Micro Devices comprises about 1.6% of Essex LLC’s holdings, making the stock its 14th biggest holding. Essex LLC’s holdings in Advanced Micro Devices were worth $7,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Tradewinds Capital Management LLC grew its position in shares of Advanced Micro Devices by 102.9% during the first quarter. Tradewinds Capital Management LLC now owns 140 shares of the semiconductor manufacturer’s stock worth $25,000 after acquiring an additional 71 shares during the last quarter. Semmax Financial Advisors Inc. boosted its stake in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer’s stock worth $28,000 after purchasing an additional 139 shares during the period. ZRC Wealth Management LLC boosted its stake in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after purchasing an additional 75 shares during the period. Fairway Wealth LLC acquired a new position in Advanced Micro Devices in the second quarter valued at $27,000. Finally, Valued Wealth Advisors LLC raised its holdings in shares of Advanced Micro Devices by 70.7% in the first quarter. Valued Wealth Advisors LLC now owns 169 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMD shares. Susquehanna reissued a “positive” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. TD Cowen upgraded Advanced Micro Devices to a “strong-buy” rating in a research note on Monday, September 16th. Wells Fargo & Company upped their price target on Advanced Micro Devices from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, July 31st. Finally, Roth Mkm reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.00.

Advanced Micro Devices Trading Down 0.2 %

Shares of AMD opened at $155.97 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.01. The firm has a 50 day simple moving average of $153.86 and a 200-day simple moving average of $156.79. The stock has a market cap of $252.10 billion, a price-to-earnings ratio of 229.37, a price-to-earnings-growth ratio of 2.33 and a beta of 1.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. Advanced Micro Devices had a net margin of 5.82% and a return on equity of 5.98%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company posted $0.40 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.56 EPS for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.